Case Study: Luko significantly reduces false positives with ComplyAdvantage AML Screening

Luko significantly reduces false positives with ComplyAdvantage

Luko, a neo-insurance company in France, faced a significant challenge in meeting anti-money laundering (AML) compliance requirements. Their manual process of screening for high-risk entities was slow, created customer onboarding delays, and required excessive effort from their team. To automate this process, they sought an API-based AML screening solution and selected ComplyAdvantage for its functionality and data quality.

By implementing ComplyAdvantage's solution, Luko gained the ability to customize matching parameters and receive real-time alerts. This significantly reduced the number of false positives and incorrect hits. The measurable impact was a major time savings for the compliance team, allowing them to re-focus their efforts on investigating only the most high-risk entities while ensuring they met all regulatory obligations.

Luko